Far from dividing those closest to President Vladimir Putin, they have forced the main players in the energy sector to rally behind him. This circle has by necessity become more focused, Western and Russian businessmen, diplomats and politicians said.
“They are defiant,” said a senior Western businessman who has access to some of the business [...]
“The United States, in turn, is looking to step up its own game. Policymakers are considering giving global companies a choice: stop providing long-term financing and energy assistance to major Russian companies or be kicked out of the U.S. financial system.”
With sanctions beginning to bite, Russia is starting to play a new economic game. [...]
New European Union sanctions on Russia will expand the number of Russian companies unable to raise money in the bloc’s capital markets to include three major state-owned oil companies, according to documents seen by The Wall Street Journal.
Under a modest expansion of sanctions introduced in late July, the three oil companies— Gazpromneft, the oil-production [...]
Not too long ago, top dogs within the Russian government said Western sanctions were not going to hurt. A couple of months later, reality has settled in.
Russia’s Economic Development Minister, Alexei Ulyukayev, said the economy had many obstacles and entered a negative growth cycle. In an op-ed published in the Vedomosti newspaper Monday, Ulyukayev [...]
That counter-strike against Western pressure appeared far off-target, and the Russian blogosphere exploded with jokes about Putin following the US leadership in imposing sanctions against Russia (BestToday, August 9). Yet, there were also serious reasons to expect a forceful move from Moscow in the theater of combat operations, where [...]
US President Barack Obama has announced new economic sanctions against Russia, saying they will make Russia’s “weak economy even weaker”.
He said the co-ordinated actions of the US and European Union would “have an even bigger bite” on Russia’s economy.
The new restrictions include banning Americans or people in the US from banking [...]
President Barack Obama imposed the biggest package of U.S. economic sanctions yet on Russia on Wednesday, hitting Russia’s largest oil producer Rosneft and other energy, financial and defense firms, with what he called significant but targeted penalties.
Obama’s latest round of sanctions came after close consultations with European leaders, who announced a less-ambitious package. The [...]
Russia has failed to take steps to end the Ukraine conflict, President Barack Obama said Wednesday in announcing expanded sanctions targeting two banks, two energy companies, Ukraine separatists and defense companies.
European Union leaders also said they intended to increase sanctions, signaling growing Western concern over Russia’s continued support for separatists battling the [...]
The first age of globalization lasted from 1870 to 1914. Now there are signs that we are seeing the beginning of the end of the second age of globalization.
“Our economic landscape, like our political one, will become more volatile and less predictable. Get ready for a bumpy ride.”
With global economic integration seemingly in [...]
While the Obama administration has touted U.S. efforts to isolate Russia economically and diplomatically, it has quietly found another way to slap Moscow for its annexation of Crimea.
Nearly a month ago, with no public notice, a small office in the Commerce Department abruptly stopped approving applications from U.S. firms that want to sell Russia [...]